HomeDiplomacyRussia assumes BRICS chairmanship

Russia assumes BRICS chairmanship

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Moscow, 2 January 2024 (TDI): Russia assumed the chairmanship of the BRICS, an alliance of prominent rising economies, along with the addition of five new members on January 1.

President Putin reiterated the commitment to advocate for every facet of the BRICS alliance, encompassing politics and security, economy and finance, and cultural and humanitarian exchanges.

In his speech to mark the beginning of Russia’s BRICS chairmanship, President Vladimir Putin stated that the organization is gaining increasing numbers of members, which is a clear sign of its rising influence and significance in global affairs.

The President of the Russian Federation mentioned that BRICS is a grouping of countries with similar values such as sovereign equality and respect for the path of development chosen.

He further added that the consensus-building, desire to form a multipolar world order, and a just international financial and trade mechanism along with seeking collaborative solutions to today’s most pressing issues features this group’s specialty.

Under the motto “Strengthening Multilateralism for Equitable Global Development and Security,” the Russian 2024 BRICS Chairmanship will operate in this same manner, emphasizing constructive and good cooperation with all relevant nations.

On Monday, Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia joined BRICS, bringing the total number of members to ten. This admission was following the decision made at the fifteenth BRICS summit took place in August 2023 in Johannesburg.

Putin emphasized that we shall make every effort to guarantee that, together with upholding customs and guided by the association’s past experiences, we enable a seamless integration of new members in all forms of its activities.

Also Read: Putin holds first ‘direct line’ session since Ukraine’s invasion

Russia’s President underlined, “We will also take into account the readiness of a large number of other nations, about 30, to participate in one way or another in the multifaceted BRICS agenda. To do this, we will begin developing the procedures for a brand-new kind of BRICS partner nation”.

BRICS is an intergovernmental organization constituting Brazil, Russia, India, China, and South Africa. It was created in 2010 when South Africa was added to the BRIC group, which preceded it. In 2022, the combined GDP of the bloc totaled around US $25.85 trillion.

 

Maha Afzal Chaudhary
Maha Afzal Chaudhary
Maha Afzal Chaudhary is an undergraduate student pursuing a BS in International Relations from the National University of Modern Languages (NUML), Pakistan. She has a keen interest in analyzing global dynamics while deconstructing the underlying facts and unraveling the intricacies of international politics. Her areas of focus encompass state security-related matters and preferential economic interests. Her concerned sphere also comprises foreign policy-making processes of states.

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